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February 25, 2013
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Legal News in Brief

  Corporate Spotlight 
  • Regulators study banks' role in online payday loans
    The Consumer Financial Protection Bureau, the Federal Deposit Insurance Corp. and New York's Department of Financial Services are looking into the role banks play in helping Internet-based payday lenders access customer money, sources say. Some banks allow payday lenders to withdraw payments automatically from borrowers' bank accounts in states where the loans are prohibited and after customers ask for the withdrawals to stop. The New York Times (tiered subscription model) (2/23) LinkedInFacebookTwitterEmail this Story
  • SEC's Aguilar wants faster technology-rules adoption
    Regulators should accelerate adoption of rules intended to avert technological glitches from disrupting markets, says Securities and Exchange Commission member Luis Aguilar. "The commission needs to do much more to update our regulatory framework and ensure that our capital markets develop and maintain systems with sufficient capacity, integrity, resiliency, availability, and security," Aguilar says. Reuters (2/22) LinkedInFacebookTwitterEmail this Story
  National News 
  Legislative Dispatch 
  Employment Focus 
  Supreme Court and Federal Court Watch 
  • S&P gets extension to respond to government's lawsuit
    Standard & Poor's has received an extension until April 22 to file its response to government allegations that the company intentionally misstated the risk associated with mortgage bonds in the time leading up to the financial crisis. In asking for more time, S&P cited the "length and breadth" of the allegations. The U.S. could seek damages as high as $5 billion in the case. Bloomberg (2/23) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • How to gain career wisdom
    John Baldoni advises young career professionals to appreciate what they've been able to accomplish and understand that their experience will grow. "If you pay attention you will become wise. Wisdom and age are not synonymous, but if you pay attention you will learn a great deal," he says. The Fast Track (2/21) LinkedInFacebookTwitterEmail this Story
  • Wait for an opening before discussing yourself
    If you talk too much about yourself or your business while networking, you could end up sounding narcissistic, experts say. "You don't need to sell yourself all the time. Know your audience. Time is precious -- so when you do speak of your business, make sure it is to an audience that has a need," says Jennefer Witter, owner and founder of PR firm The Boreland Group. (2/21) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • A Significant Destination for Global Investment
    Over the past decade, the Russian economy has demonstrated growth at rates exceeding most developed countries, doubling disposable incomes and enabling the emergence of a middle class that increasingly has become a very attractive market for many foreign companies. The Feb. 26 audio briefing Doing Business in Russia will provide an introduction to some of the legal risks faced by those doing business in Russia and the key steps companies can take to better manage them. LinkedInFacebookTwitterEmail this Story
  • USPTO Seeks Comments on Patent Small Claims Proceedings
    The U.S. Patent and Trademark Office is seeking comments regarding whether the United States government should develop a small claims mechanism for patent enforcement. The USPTO is interested in receiving comments from the public regarding whether there is both a need and a desire for this type of proceeding, in what circumstances it would be needed, and what features it should include. For more information, check out PLI's Patent Law Practice Center. LinkedInFacebookTwitterEmail this Story
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It is wonderful how much news there is when people write every other day; if they wait for a month, there is nothing that seems worth telling."
--Anna Masterton Buchan,
Scottish writer

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